New: Earn a $500 Bonus with the Capital One Savor Cash Rewards Credit Card
Would you like to earn one of the highest cash back intro bonuses we’ve seen? If so, the new Capital One Savor Cash Rewards Credit Card is for you. That’s because this card offers a whopping $500 cash bonus to cardholders who spend $3,000 on purchases in the first 3 months from account opening. On top of that, the card earns some sweet cash back rewards, including unlimited 4% cash back on dining and entertainment(e.g., purchases at movie theaters, amusement parks, zoos, live theater and more), 2% cash back at grocery stores and 1% on all other purchases. The ability to earn cash back on all of these purchases, especially dining and groceries, is a major perk, as most other cash back cards cap what you can earn on such purchases, meaning you won’t earn the high rewards after reaching the spending cap. Additionally, since these categories never change, you don’t have to worry about category signups, which means you never have to worry about activating your unlimited cash back rewards. Want to see if this high-earning cash back credit card is right for you? Keep reading to learn everything you need to know.
What does the Capital One Savor Cash Rewards Credit Card offer?
In addition to the previously mentioned $500 bonus opportunity and unlimited cash back rewards, the Capital One Savor Cash Rewards Credit Card, which is available to those with good to excellent credit (usually considered a credit score of 700 or higher), charges no foreign transaction fees and has a $0 intro annual fee for the first year (it’s $95 after that). The intro annual fee makes the card especially appealing, as you can try out the card for one year to determine if it’s right for your lifestyle before paying an annual fee.
The card offers a plethora of rewards potential since there’s no spending caps, as noted above. In fact, the card’s combination of no foreign transaction fees and rewards on dining and entertainment purchases make it a strong option for travelers, who will not only frequent restaurants, but also visit a lot of the card’s entertainment spots. Capital One qualifies a number of purchases as entertainment (beyond what’s noted above), including movie theaters, record stores, video rentals (excluding digital streaming and subscriptions services), tourist attractions, amusement parks, aquariums, zoos, dance halls, billiard and pool establishments, bowling alleys and ticketed events (e.g., live theater, bands, orchestras and commercial sports operations). Any cash back rewards you earn with the Capital One Savor Cash Reward Credit Card can be redeemed in the form of a check, gift card or statement credit in any amount at any time.
When it comes to added perks. the Capital One Savor Cash Rewards Credit Card does not disappoint. To start, cardholders will get access to premium experiences in dining, entertainment and more. Next, cardholders have 24/7 access to a complimentary concierge service, along with two additional purchase protections: extended warranty and price protection. The former allows you to get an additional warranty protection at no charge on eligible items that are purchased with the card, while the latter helps you get the lowest price on eligible items — if you purchase an item with the card and find a lower price within 120 days, you could be reimbursed for the price difference. Lose your card while your traveling overseas? Capital One has you covered with 24/7 travel assistance services, which can send you an emergency replacement card and a cash advance.
Those who worry about credit card fraud will also be pleased with the Capital One Savor Cash Reward Credit Card’s $0 fraud liability and Second Look, a service that will alert you of any duplicate charges, recurring charges and auto-renewing subscriptions. Cardholders can also instantly lock and unlock their card using the Capital One Mobile App. As if that isn’t enough, the Capital One Savor Cash Rewards Credit Card offers travel accident insurance and an auto rental collision damage, two perks most travelers will appreciate.
Downsides to consider
The Capital One Savor Cash Rewards Credit Card offers a unique option for travelers or foodies who prefer to earn cash back, as it earns cash back on a number of purchases consumers make while they’re home or traveling. The only downside of the card is the $95 annual fee, which is waived for the first year. While the card’s bonus, rewards and perks more than make up for the fee, it may be a dealbreaker for some.
If that describes you, consider its sister card, the Capital One SavorOne Cash Rewards Credit Card. This card earns a $150 bonus to those who spend $500 on purchases in the first 3 months from account opening, along with unlimited 3% cash back on dining and entertainment (the same purchases noted above), 2% cash back at grocery stores and 1% cash back on all other purchases. The Capital One SavorOne Cash Rewards Credit Card also has no annual fee, no foreign transaction fees and a 15-month 0% intro APR on purchases and balance transfers (with a 3% balance transfer fee) — after the 0% intro APR expires, the rate is 15.24% to 25.24% variable. It’s also available to those with good to excellent credit (usually considered a credit score of 700 or higher) and comes with the same added perks as its sister card……Read more>>